https://www.taxtmi.com/caselaws?id=421315 Section 19 of the MSMED Act requires a 75% pre-deposit as a mandatory condition precedent before a challenge to an MSMED award can be entertained under Section 34 of the Arbitration and Conciliation Act, 1996. Binding precedent was followed to confirm that the requirement is not directory, although the court may allow the deposit to be made in instalments where undue hardship is shown. An order permitting the Section 34 challenge to proceed without compliance was set aside, and the award-debtor had to satisfy the deposit condition before the challenge could be heard on merits. en-us Tue, 19 Apr 2022 00:00:00 +0530 Thu, 21 Apr 2022 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421315 Section 19 of the MSMED Act requires a 75% pre-deposit as a mandatory condition precedent before a challenge to an MSMED award can be entertained under Section 34 of the Arbitration and Conciliation Act, 1996. Binding precedent was followed to confirm that the requirement is not directory, although the court may allow the deposit to be made in instalments where undue hardship is shown. An order permitting the Section 34 challenge to proceed without compliance was set aside, and the award-debtor had to satisfy the deposit condition before the challenge could be heard on merits. Case-Laws Indian Laws Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421315